PHILIPPINES PRESS-China Bank plans $180 mln share sale - Inquirer

Thu Mar 6, 2014 7:22pm EST

Related Topics

Philippine lender China Banking Corp is looking to raise 8 billion pesos ($180 million) in fresh capital via the sale of new shares to existing investors to pursue growth strategies while ensuring its capital adequacy level remains above the new Basel 3 requirements, the Philippine Daily Inquirer newspaper reported.



NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 44.5385 Pesos) (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.